some numbers to consider for wk

West Kampar PSC includes the Pendalian oil field that has in-place resources of about 13.7 million barrels of oil. (Source is PNN)

Oilex is 45% of the JV (Source is Oilex web page)

Assumptions:

*Barrel of oil is $60 USD (Factor in a correction)
*220 000 000 Oilex shares
*20% Profit Margin
*Forget the AUD/USD exchage rate

Calcs:

Value of Oil Asset = 13 700 000 x $60 = $822, 000,000

Oilex Share = 45% x $822,000,000 = $369,900,000

Oilex Profit = 20% x $369,900,000 = $73,980,000

Profit Expressed Per Share = $0.33

Thoughts, comments, suggestions...